Statistics Foundations
This workshop provides essential statistical concepts and techniques for data-driven operational excellence. Participants will learn how to apply statistical thinking to business problems, analyze data appropriately, and make sound decisions based on statistical evidence.
Learning Outcomes
- Understand fundamental statistical concepts and their business applications.
- Select appropriate statistical methods for different data types and questions.
- Interpret statistical results correctly and avoid common pitfalls.
- Communicate statistical findings effectively to non-technical audiences.
- Apply statistical thinking to operational excellence initiatives.
Who Should Attend
- Analysts and data spec
- Process improvement specialists
- Quality professionals
- Analysts and data specialists
- Decision-makers who use data
- Operations managers
- Process improvement professionals
- Anyone who works with data in Excel
Workshop Outline
- Descriptive Statistics
- Measures of central tendency
- Measures of dispersion
- Distribution shapes and properties
- Graphical representation techniques
- Inferential Statistics
- Sampling concepts
- Confidence intervals
- Hypothesis testing fundamentals
- Statistical vs. practical significance
- Relationship Analysis
- Correlation analysis
- Simple linear regression
- Multiple regression introduction
- Association vs. causation
- Statistical Applications in OPEX
- Process capability analysis
- Statistical process control
- Measurement system analysis
- Design of experiments overview
